The City of Toronto and Maple Leaf Sports and Entertainment have drafted an agreement detailing their proposed partnership surrounding the 2026 FIFA World Cup, which aims to shield the company from suffering any losses related to matches in Toronto.
Canada is co-hosting the tournament along with Mexico and the United States. In June, Toronto was named as one of the host cities.
The city's Feb. 10 letter of intent addressed to MLSE states that the company will serve as the project manager for upgrades to the downtown BMO Field stadium and the MLSE training facilities in Toronto's north end, which will both be used for the tournament.
The letter sent by the city to The Canadian Press outlines "principles" that will govern future "Definitive Agreements" between Toronto and the company, which owns the Toronto Maple Leafs and Toronto Raptors.